DoubleVerify (DV) is expected to deliver Q4 financial results in line with or slightly above consensus, RBC Capital Markets said in an earnings preview Monday.

RBC analysts said the macro environment and overall ad-spending environment have held up well, while the return of ad spending after the election could represent an upside in the quarter.

For the year to date, the analysts said that results have been impacted by the six large advertisers reducing spending, volume headwinds from the move into premium formats, and slower-than-expected adoption of post-bid solutions.

On the positive side, the analysts said areas of potential upside for the year include "reduced headwinds from the cohort of six, faster-than-expected ramp from Moat displacements, growing adoption and monetization of Scibids, and expanded opportunity in both pre- and post-bid on Meta."

RBC maintained its outperform rating on the stock, with a price target of $24.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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